CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: India’s apex industry body for alternative assets, the Indian Venture and Alternate Capital Association (IVCA), announced the IVCA Private Credit Summit 2024, an initiative in collaboration with Avendus, EAAA India Alternatives Limited, InCred Alternative Investments, Lighthouse Canton, and Neo Asset Management. The Summit will bring together seasoned professionals of the private credit ecosystem including insurance companies, pension funds, family offices (FOs), high-net-worth individuals (HNIs), limited partners (LPs), and private credit funds.
With the Indian economy projected to reach a GDP of $5 trillion by 2027-2028 and $30 trillion by 2047, the need for capital availability is likely to increase. The IVCA Private Credit Council led by Co-Chairs Kanchan Jain, Head of Ascertis Credit Group (erstwhile BPEA Credit Group), and Vineet Sukumar, Founder & Managing Director of Vivriti Group, alongside other industry experts, strive to ensure that private credit plays a transformative role in India’s financial landscape. To further the council’s cause, the Private Credit Summit 2024 aims to highlight opportunities and strategies driving the sector’s growth, with an emphasis on investor insights and key regulatory reforms, as well as market depth across all private credit asset classes. A roundtable discussion is also on the agenda, so that participants can have meaningful conversations with experts on private credit, exploring topics that are crucial to the financial landscape.
Kanchan Jain, Head of Ascertis Credit Group & Co-Chair, IVCA Private Credit Council said, “Private credit helps channel existing savings and solves for a range of bespoke yet important needs of a growing corporate sector. Private credit solutions can thus provide attractive and resilient returns without the volatility associated with equity markets. Sophisticated real-money institutional investors rely on local credit managers to source, underwrite, and manage such investments.”
After developing globally for three decades, this asset class is now well-positioned to channel long-term and steady inflows in India. Additionally, it attracts domestic ultra-high-net-worth investors, insurance and pension funds, and global real money investors looking for reliable returns. Private credit has the potential to bridge the Rs.27 lakh crore (US$ 325.3 billion) financing gap in the micro, small, and medium enterprises (MSMEs) space where significant debt investment will be necessary to fund critical areas such as infrastructure, climate transition, and agriculture while offering non-dilutive finance solutions for mid-market and large corporations, in addition to regular bank lending. Its evolving sub-asset classes, such as growth, distressed, and special situations financing, enable efficient and transparent capital allocation, making it an essential tool for catalysing private capex and unlocking capital inflows that cannot be deployed elsewhere in Asia.
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